Terry Savage: The 'Special K' theory that explains our economy | Money news | wbkb11.com
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The Kondratieff Wave Theory predicts that technology-driven economic cycles of boom and bust are inevitable — and right now, we may be riding one toward a crash.
Kondratieff Wave TheoryLong Wave EconomicsCreative DestructionBusiness Cycle Theory
Theory Briefing
- The Kondratieff Wave Theory maps 50-to-60-year economic supercycles driven by technology disruption — and one may be cresting right now.
- Each wave brings both creative destruction and new prosperity, meaning today's economic chaos could be a predictable phase, not a crisis.
- Developed in the 1920s by Soviet economist Nikolai Kondratieff, the theory was controversial enough to get him sent to a labor camp.